Score: Negative (32)
2 days at current score.
Downgraded from Neutral on December 12th 2017
- This company ranked negatively compared to the Industrials sector despite 2 positive IHS Markit Categories
- Perception of the company's creditworthiness is positive
- ETFs holding this stock are seeing positive inflows
- Bearish sentiment is moderate
- Economic output for the sector is expanding but at a slower rate
Short interest | Neutral
Short interest is moderate for TEX with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.
ETF/Index ownership | Positive
ETF activity is positive. Over the last month, ETFs holding TEX are favorable, with net inflows of $5.16 billion. Additionally, the rate of inflows is increasing.
PMI by IHS Markit | Negative
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing.
Credit default swap | Positive
The current level displays a positive indicator. TEX credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.
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